Swiss Re proposals for subsidiary’s initial public offering hit a snag
Market conditions take the bulk of the blame
Market conditions take the bulk of the blame
Major name would reduce its stake to below 50%
Heavy catastrophe losses depleted insurers’ reserves
Following a quiet 2017, the insurance M&A scene is beginning to liven up following regulatory developments
Ownership changes from UK subsidiary
Company edges out a rival bidder according to reports
Firms are ranked by non-banking assets and net premiums written
Likely bid said to be SG$6.05 billion
News comes during the same week as reveal of incoming CEO
Two parties will need approval from central bank